Oklahoma § 62-2402 - Public entities authority to invest

§ 62-2402. Public entities authority to invest

The following public entities are encouraged to and may invest

up to five percent (5%) of their rolling three (3) year assets under

management with the Invest In Oklahoma Program approved venture

capital and growth funds as provided in Section 2 of this act:

1. The Board of Investors of the Tobacco Settlement Endowment

Trust Fund;

2. The Commissioners of the Land Office;

3. The Teachers’ Retirement System of Oklahoma;

4. The Oklahoma Public Employees Retirement System;

5. The Oklahoma Firefighters Pension and Retirement System;

6. The Oklahoma Police Pension and Retirement System;

7. The Oklahoma Law Enforcement Retirement System;

8. The Uniform Retirement System for Justices and Judges; and

9. The Department of Wildlife Conservation Retirement Fund.

B. The State Treasurer, acting within parameters established by

the Invest in Oklahoma Board is authorized to and may place cash

balance amounts in service with the Invest In Oklahoma program. For

purposes of this subsection, the term "cash balance amounts" shall

not include any monies deposited in or directed for deposit to:

1. The General Revenue Fund;

2. The Revenue Stabilization Fund;

3. The Education Reform Revolving Fund;

4. The Rate Preservation Fund;

5. Any Fund created under the Oklahoma Constitution;

6. Any fund from which the Legislature through law has

authorized, appropriated, or transferred monies within the preceding

three (3) fiscal years; or

7. Any revolving fund in the State Treasury specified for

direct appropriation or authorization from the Legislature, or any

revolving fund assigned to a state agency, unless such state agency

specifically authorizes such investments from such fund and such

authorization was approved by Invest in Oklahoma Board.

Added by Laws 2021, c. 309, § 3, eff. Nov. 1, 2021. Amended by Laws

2025, c. 308, § 2, eff. Nov. 1, 2025.